Rising per-unit production costs are most directly associated with:
A. structural unemployment.
B. demand-pull inflation.
C. cost-push inflation.
D. frictional unemployment.
Answer: C
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If the price elasticity of demand for moose hunting lessons is 4.23, then the demand for moose hunting lessons is
A) elastic. B) unit elastic. C) inelastic. D) perfectly unit elastic. E) perfectly elastic.
How do decreasing returns to scale affect the shape of the long-run average cost curve?
What will be an ideal response?
The downfall of the fooling model is that it assumes an implausibly ________ level of perception about price on the part of ________
A) high, firms B) high, workers C) low, firms D) low, workers
If the quantity of money supplied is greater than the quantity demanded, then prices should fall
a. True b. False Indicate whether the statement is true or false